Dog Parker $2.56 million Fundraising. Chelsea Brownridge Released Jun 14 Form D

June 14, 2018 - By Ash

Dog Parker Financing

Dog Parker, Inc., Corporation just filed form D announcing $2.56 million equity financing. The date of first sale was 2017-09-05. Dog Parker was able to finance itself with $1.68 million so far. That is 65.55 % of the financing round. The total financing amount was $2.56 million. This form was filed on 2018-06-14. The reason for the financing was: unspecified. The fundraising still has about $880,273 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Dog Parker is based in New York. The company’s business is Other Technology. The form D was submitted by Chelsea Brownridge Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 586 Vanderbilt Avenue #1, Brooklyn, Ny, New York, 11238. Chelsea Brownridge is the related person in the form and it has address: C/O Dog Parker, Inc., 586 Vanderbilt Avenue #1, Brooklyn, Ny, New York, 11238. Link to Dog Parker Filing: 000123191918000037.

Analysis of Dog Parker Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering amount. Dog Parker sold 65.55 % of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 8.78 % bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Dog Parker Also

The Form D signed by Chelsea Brownridge might help Dog Parker, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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